Financial Advisor

Duff & Phelps' Brazilian M&A Team Advised Piemonte Holding on Its Binding Offer with Oi S.A. - Em Recupera��o Judicial for the Acquisition of Five Data Centers

In June 2020, Piemonte Holding Participações S.A. ("Piemonte Holding"), based in Rio de Janeiro, Brazil, signed a binding offer with Oi S.A.- Em Recuperação Judicial (Judicial Recovery) for the acquisition of five data centers (Tier II and III) located in São Paulo, Brasília, Curitiba and Porto Alegre, covering over seven thousand square meters (sqm), and serving large telco companies and financial institutions.

With this acquisition, Piemonte Holding seeks to replicate and scale the successful GBT S.A. model in the data center markets. Alessandro Lombardi, CEO, Piemonte Holding and Vinícius Braga, Director, Piemonte Holding Investment, shared in a press release, “This is one of the largest and most important transactions in the history of Piemonte Holding. It represents an important milestone in our investment thesis to structure a national player in Data Centers.”

Duff & Phelps served as the lead financial advisor to Piemonte Holding.

About Piemonte Holding 
Founded in 2012 in Rio de Janeiro, Piemonte is an independent and global financial institution, with significant investments in the information technology market. Piemonte has raised c.$1.0 billion to invest in the technology market, with particular focus on the telco and optic fiber cables markets and 5G developments. Piemonte Holding is already a relevant player in Brazil, thought investments in Elea Digital S.A. and GBT S.A., one of the largest, secure and most complete data centers (Tier IV) dedicated to the financial market in Latin America with +24 thousand sqm. Its main clients include Caixa Econômica Federal and Banco do Brasil. Pinheiro Neto Advogados served as legal counsel to Piemento Holding.

About Oi S.A.- Em Recuperação Judicial
Oi, formerly known as Telemar, is the largest fixed telephone operator and the fourth mobile telephone operator in Brazil, being the third largest telecommunication company in Latin America. It is headquartered in Rio de Janeiro. Oi's major subsidiaries include Telemar and Brasil Telecom. On June 20, 2016, Oi filed for a US$19 billion (R$65 billion) bankruptcy protection, the largest on record for Brazil. BMA Advogado served as legal counsel to Oi S.A.- Em Recuperação Judicial.

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